• Services
• Trustee Consulting
• Employer Consulting
  • Managing Benefits
  • Managing Cash
  • Managing Risk
    • Liability Risk Management
    • Controlling operational risk
    • Controlling the cost of member options
    • Reviewing or closing pension schemes
    • Investment Consulting
  • Presenting Employer Covenant
  • Financial reporting
  • Public sector outsourcing
  • Transactions
  • High Earners
  • Corporate DC
  • Health & Protection
  • International
• Pensions Administration
• Specialist Services
• Trustee Training
• Web-based Services & on-line tools
• Communications

Controlling operational risk

As the risks for occupational pension schemes grow, the Pensions Regulator has intensified its focus on ensuring appropriate systems and processes are in place to secure the future stability of retirement plans.

Responsibility for providing adequate scheme governance does not rest solely with the fund’s trustees, and sponsoring employers need to play their part in providing a suitable framework in which their plan can operate.

Failure to support trustees in delivering good scheme governance could result in the scheme being exposed to unnecessary additional costs and risks.

Punter Southall’s Scheme Governance service works with sponsoring employers to:

• Identify and monitor the risks within the scheme
• Ensure processes are in place to prevent risks occurring, or limiting their impact if they do arise
• Verify that benefit calculations have been clearly defined and are well documented
• Make sure time devoted to the scheme is used efficiently and wisely
• Keep an open line of communication with the trustees and put in place procedures for sharing information.

For further information contact Kevin Burgess by email or on 0118 977 2277